Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Some time ago price made downward impulse from resistance level to $0.8555 level, which coincided with support area.
Later GBP started to rise near support line and rose back to $0.8700 level, but then price turned around.
After this, price entered to falling channel, where it soon broke support line and declined to support line of channel.
Then GBP declined lower than $0.8555 level, but in a short time later price turned around and bounced up to this level.
Also, price exited from channel and soon broke $0.8555 level, where now it continues to trades near.
In my mind, British Pound can make correction to support area and then continue to grow to $0.8620
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price made downward impulse from resistance level to $0.8555 level, which coincided with support area.
Later GBP started to rise near support line and rose back to $0.8700 level, but then price turned around.
After this, price entered to falling channel, where it soon broke support line and declined to support line of channel.
Then GBP declined lower than $0.8555 level, but in a short time later price turned around and bounced up to this level.
Also, price exited from channel and soon broke $0.8555 level, where now it continues to trades near.
In my mind, British Pound can make correction to support area and then continue to grow to $0.8620
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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